Case study
How RiskAware improved behaviors and aligned cyber-spending for one brokerage in a matter of minutes.
True data. True visibility. True story.
A small Michigan brokerage firm participated in our pilot program by putting RiskAware on five devices. They wanted a better understanding of their PII/PHI protocols and a better way to calculate their cyber insurance coverage.
The brokerage’s pre-pilot cybersecurity procedures consisted of:
A double firewall architecture for two layers of protection against outside attacks.
Utilizing Microsoft OneDrive for file cloud storage with all brokers sharing one login.
No procedure for calculating information risk.
“We feel confident about our cybersecurity tactics being really effective.”
-Brokerage owner
The brokerage’s pre-pilot cybersecurity procedures consisted of:
A double firewall architecture for two layers of protection against outside attacks.
Utilizing Microsoft OneDrive for file cloud storage with all brokers sharing one login.
No procedure for calculating information risk.
“We feel confident about our cybersecurity tactics being really effective.”
-Brokerage owner
Estimated vs actual risk value per device
The risk report data shocked everyone.
Pre-install, the brokerage estimated their cyber information value ($) to be $1,000 per device. Upon install, RiskAware instantly found their actual average to be $2 million per device.
“We were all horrified when we saw how much cyber information value we each had.”
-Brokerage owner
The brokerage was able to make permanent improvements after seeing their RiskAware data.
Behavior changes
- Showed them exactly how they were protecting or not protecting their information
- Gave them visibility on how their habits caused information value to accrue
- Helped them pinpoint their cyber information value across thousands of files
- Showed their cyber information value dropping when applying compliance tactics to specific files, verifying when their tactics were effective
- Uncovered the training and protection tactics their company should implement
Cyberspend alignment
- RiskAware data allowed them to calculate, adjust, and align their annual cyberspend
- Ability to more accurately fund their cybersecurity insurance policy
“We would like RiskAware to be installed on all our devices for continuous monitoring of all our activity.”
-Brokerage owner
How much is your PII/PHI information really worth?
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